New - 2 days on Rocket
$2,048 Closing Credit¹
#PA1255939, Mark Duffer, Listing Office: Jim Maloof Realty, Inc.
Spring Bay Township Housing Market Report January 2025•Woodford County, Illinois
Housing Prices in Spring Bay Township, IL
How much do homes in Spring Bay Township, IL cost?
Housing Market Conditions
Is Spring Bay Township, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Spring Bay Township is a Seller's Market
Difference Since January 2024
Since last year, Spring Bay Township has remained a Seller's Market.
Insight
Spring Bay Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$233,500$109/SqFt
+$33,500
+16.8%
Based on all homes sold in the last 12 months
Insight
Homes in Spring Bay Township have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in Spring Bay Township was $233,500 in January 2025, up 16.8% from last year, and the median price per square foot was $109.
Median Sold Price By Cities
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Spring Bay Township | $200K | $233.5K | +16.8% |
| Worth Township | $259.4K | $265K | +2.1% |
| Peoria Heights | $123.1K | $114.9K | -6.7% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $50K | $90.9K | +81.9% |
| 22 Bedrooms | $156K | $93.4K | -40.1% |
| 33 Bedrooms | $200K | $224.5K | +12.3% |
| 44 Bedrooms | $300K | $353K | +17.7% |
| 55+ Bedrooms | $420K | $389.5K | -7.3% |
Summary: Spring Bay Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +81.9%. The home price for 2 bedroom homes decreased by -40.1%. The home price for 3 bedroom homes increased by +12.3%. The home price for 4 bedroom homes increased by +17.7%. The home price for 5 bedroom homes decreased by -7.3%.
Housing supply in Spring Bay Township, IL
How many homes are available in Spring Bay Township, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 11Last MonthJan 2025 | ||
| 112 months agoDec 2024 | 0.0 % Change MoMDec – Jan |
Summary: The Spring Bay Township real estate market had 11 homes for sale in Jan 2025, the same as Dec 2024
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthJan 2025 | ||
| 12 months agoDec 2024 | +200.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 3 | 3 | 0.0% |
| 33 Bedrooms | 6 | 6 | 0.0% |
| 44 Bedrooms | 2 | 2 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Spring Bay Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Spring Bay Township, IL cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price3 Homes
Insight
If you're buying a home in Spring Bay Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Spring Bay Township in January 2025, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Spring Bay Township, IL
How long does it take to sell a home in Spring Bay Township, IL?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Many homes in Spring Bay Township are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 3 homes were sold in Spring Bay Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 28 DaysThis YearJan 2025 | ||
| 6 Days1 year agoJan 2024 | +335.9 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Spring Bay Township had an average listing age of 28 days in Jan 2025, up by 335.9% compared to the previous year.
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Newest Listings in Spring Bay Township, IL
What homes are available in Spring Bay Township, IL?
$2,909 Closing Credit¹
#PA1255505, Adam Merrick, Listing Office: Adam Merrick Real Estate
$830 Closing Credit¹
#PA1254514, Chris Hilton, Listing Office: Century 21 Lincoln National Re
#PA1254435, Adam Merrick, Listing Office: Adam Merrick Real Estate
$1,364 Closing Credit¹
#PA1253364, Dawn Purple, Listing Office: Re/Max Traders Unlimited
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 02/01/2023 - 02/01/2025
Listings courtesy of RMLS Alliance as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/13/2025, 11:50:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.